Canada was home to 17,590 ultra-high-net-worth individuals whose collective wealth amounted to US$2 trillion last year, according to the latest annual report on the super-rich by Altrata. The double-digit growth in Canada was about one percentage point higher than in the United States. (The Logic)

Talking point: The global wealth intelligence firm put Canada in the seventh spot for its number of people whose individual net worth exceeds US$30 million. That is ahead of France, Italy and India. The U.S. is home to 37 per cent of the global population of the ultra wealthy, more than the other top 10 countries combined. President Donald Trump’s tariffs “dampened growth” in Canada last year, the report said. “Ultimately, most U.S. tariff policies and trade threats were watered down, which contributed to an improved performance in regional (and global) wealth markets over the second half of the year.”